Biden’s nominations for the Fed can change the economy. But his first is stuck in limbo.

In coming months, the Biden White House will have major opportunities to influence the makeup of the Federal Reserve, including whether to renominate Jerome H. Powell to another term as chair.

But after six months in office, White House hasn’t moved to fill an empty seat on the Fed’s seven-member board of governors, in the midst of the worst economic crisis in a decade. Of the Fed’s top officials, everyone except Lael Brainard are Republicans nominated to their current roles by President Donald Trump. Biden’s first pick would come at a critical time for the economy, as rising inflation and worker shortages complicate the recovery.